Railroad Stocks Q4 Earnings Reports this Week: UNP, CSX, KSU
Zacks January 16, 2017
The fourth-quarter earnings season is in its nascent stage with 29 S&P 500 participants having reported results so far according to our latest Earnings Preview report. The season has started on a strong note, courtesy of earnings beats from the big names in the banking space like JPMorgan Chase & Co. JPM. This week will see 81 companies, including 34 S&P 500 participants, revealing their fourth-quarter numbers.
Of the S&P members, the railroad space will see heavyweights like Union Pacific Corporation UNP, Kansas City Southern KSU and CSX Corporation CSX reporting their respective numbers this week. Stocks in the railroad space have been struggling for quite some time due to coal-related headwinds. However, the election of Donald Trump as the President in November is likely to usher in good news for the sector participants. This is because during his campaign Trump had issued statements in favor of reviving the beleaguered coal industry.
In his very words, “Coal will last for 1,000 years in this country.” Given that coal is a key revenue generating commodity for railroads, Trump’s pro-coal stance is certainly a positive for the companies in this space. Railroads have been gaining significantly since Trump’s victory on Nov 8. This can be seen from the fact that the Zacks categorized Transportation- Rail industry has gained 9.13% in the fourth quarter since Nov 8, comfortably outperforming the S&P 500 index, which gained around 4% in the Nov 8 - Dec 31 period.
However, his pro-coal views are far from materializing as Trump is yet to assume office.
Given this backdrop, the investors interested in the railroad space will keenly await reports of the above-mentioned key players in the coming days.
Jacksonville, FL- based CSX Corporation is scheduled to report fourth-quarter results on Jan 17, after market closes. Currently, the company carries a Zacks Rank #2 and an Earnings ESP of +2.04%. This is because the Most Accurate estimate stands at 50 cents while the Zacks Consensus Estimate is pegged at 49 cents. Consequently, we expect the company to report better-than-expected earnings per share in the fourth quarter. Earlier, the company carried a Zacks Rank #3 and an earnings ESP of +6.25% (read more: CSX Corp May Beat on Q4 Earnings: Stock to Gain?).
CSX Corporation Price and EPS Surprise
Zacks January 16, 2017
The fourth-quarter earnings season is in its nascent stage with 29 S&P 500 participants having reported results so far according to our latest Earnings Preview report. The season has started on a strong note, courtesy of earnings beats from the big names in the banking space like JPMorgan Chase & Co. JPM. This week will see 81 companies, including 34 S&P 500 participants, revealing their fourth-quarter numbers.
Of the S&P members, the railroad space will see heavyweights like Union Pacific Corporation UNP, Kansas City Southern KSU and CSX Corporation CSX reporting their respective numbers this week. Stocks in the railroad space have been struggling for quite some time due to coal-related headwinds. However, the election of Donald Trump as the President in November is likely to usher in good news for the sector participants. This is because during his campaign Trump had issued statements in favor of reviving the beleaguered coal industry.
In his very words, “Coal will last for 1,000 years in this country.” Given that coal is a key revenue generating commodity for railroads, Trump’s pro-coal stance is certainly a positive for the companies in this space. Railroads have been gaining significantly since Trump’s victory on Nov 8. This can be seen from the fact that the Zacks categorized Transportation- Rail industry has gained 9.13% in the fourth quarter since Nov 8, comfortably outperforming the S&P 500 index, which gained around 4% in the Nov 8 - Dec 31 period.
However, his pro-coal views are far from materializing as Trump is yet to assume office.
Given this backdrop, the investors interested in the railroad space will keenly await reports of the above-mentioned key players in the coming days.
Jacksonville, FL- based CSX Corporation is scheduled to report fourth-quarter results on Jan 17, after market closes. Currently, the company carries a Zacks Rank #2 and an Earnings ESP of +2.04%. This is because the Most Accurate estimate stands at 50 cents while the Zacks Consensus Estimate is pegged at 49 cents. Consequently, we expect the company to report better-than-expected earnings per share in the fourth quarter. Earlier, the company carried a Zacks Rank #3 and an earnings ESP of +6.25% (read more: CSX Corp May Beat on Q4 Earnings: Stock to Gain?).
CSX Corporation Price and EPS Surprise
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